INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Aga...
05 Agosto 2014 - 4:32PM
Business Wire
Glancy Binkow & Goldberg LLP reminds investors of China
Mobile Games and Entertainment Group Limited (“China Mobile Games”
or the “Company”) (NASDAQ:CMGE) that all purchasers of the American
Depositary Shares of China Mobile Games between September 20, 2012
and June 19, 2014, inclusive (the “Class Period”), have until
August 19, 2014, to file a motion to be appointed as lead plaintiff
in the shareholder lawsuit.
China Mobile Games, through its subsidiaries, develops and
publishes social games and single-player mobile games primarily in
the People’s Republic of China. The Complaint alleges that
defendants issued false and/or misleading statements and failed to
disclose material adverse facts about the Company's business,
operations and financial performance. Specifically, the defendants
misrepresented or failed to disclose a bribery scheme within the
Company’s game publishing business, undisclosed related party
transactions, and that the Company’s internal controls were
inadequate.
On June 19, 2014, China Mobile Games disclosed that it had
suspended nine senior executives, including the Company’s
president. According to a report published by Bloomberg, nine
senior managers were suspended, including President Shuling Ying,
in connection with alleged involvement in “bribery with game
developers.” Following this news, the Company’s share price dropped
approximately 22 percent on June 19, 2014, before being halted by
the NASDAQ.
If you are a member of the Class described above, you may move
the Court no later than August 19, 2014, to serve as lead
plaintiff; however, you must meet certain legal requirements. To be
a member of the Class, you need not take any action at this time;
you may retain counsel of your choice or take no action and remain
an absent member of the Class. If you wish to learn more about this
action or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, Toll
Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or
visit our website at http://www.glancylaw.com. If you inquire by
email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CACasey Sadler,
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Grafico Azioni (MM) (NASDAQ:CMGE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni (MM) (NASDAQ:CMGE)
Storico
Da Lug 2023 a Lug 2024